Hi, this is Jeff Shropshire with Shropshire Insurance. I have been asked today to explain to you about what social engineering is the threat in regards to Cyber Insurance. Social engineering is right now one of the biggest threats to every single business because it involves emails and misdirection. Social engineering means when an employee or a person is misled into basically transferring or paying monies or paying a bill that looks really real, but the money doesn’t go where it’s supposed to go.
An example of that that we see happening around here in our world is people are getting in offices, bogus emails that look like they’re coming from management or owners of businesses, and they look legit. The sender’s email looks good, everything looks good. It says, “Hey, this bill hadn’t been paid,” or, “Please pay this invoice.” The employee looks at it, clicks on it, pays the invoice, money’s disappearing, going places that it shouldn’t go. It’s a horrible exposure. It’s happening to so many people right now. You need to make sure you have proper procedures in place to make sure that you’re paying your invoices correctly. I always recommend never pay off of an email. Log on directly if you’re used to paying bills directly. Call, verify the email, make sure everything’s right, but also you need cyber insurance and you need a specialist who can help you with that and Shropshire Insurance is here to do that for you. So give us a call today.

Call Shropshire Insurance Agency in Lubbock TX at 806-763-7311